• Q : Viable goal of financial management....
    Accounting Basics :

    How much amount must an investor invest now in order to receive five annuities starting from end of this year of Rs. 10,000 at 10% p.a. rate of interest.

  • Q : Making the general journal for the cleaning co....
    Accounting Basics :

    Cleaning Co. began business on March 1, 2011.  The company gives specialized cleaning services to corporate clients.  Listed below are the transactions entered in by Cleaning Co.

  • Q : Discontinued operations treatment for noncore business unit....
    Accounting Basics :

    What criteria should be met to warrant reclassifying the non-core business units as discontinued operations effective with quarter ending September 30, 2010.

  • Q : Amount of total assets-liabilities....
    Accounting Basics :

    During the year, total liabilities increased $106,010 and stockholders' equity decreased $67,590. What is the amount of total assets at the end of the year?  

  • Q : Making transaction statement....
    Accounting Basics :

    Create a transaction statement with the following information and a few other quick statements (income, balance, owners equity) and few questions answered I am having trouble with.

  • Q : Intermediate macroeconomics-optimize utility....
    Accounting Basics :

    Consider the subsequent static optimization problem.  Assume that a consumer has financial wealth W and owns house H.  She has utility over housing H and non-housing consumption C.

  • Q : Accounting for non-financial manager....
    Accounting Basics :

    Subsequent to privatisation the Chief Executive Officer of SREC feels that the organisation needs to clarify its mission and objective.

  • Q : Statement of cash flow....
    Accounting Basics :

    Prepare the statement of cash flow, using the indirect method. Use the two-step method for operations. Classify interest paid in the operating activities, and include separate disclosure for cash pa

  • Q : Traditional cost accounting....
    Accounting Basics :

    Traditional cost accounting has been based on allocating a subjective or computed range of indirect expenses to direct costs.

  • Q : Bond issue and interest expense....
    Accounting Basics :

    Prepare the journal entries for the year 20x8 to record the bond issue and interest expense.

  • Q : Perpetual and periodic inventory....
    Accounting Basics :

    Describe the difference between the perpetual inventory method and the periodic inventory method.

  • Q : Calculating predetermined overhead rates....
    Accounting Basics :

    Calculating Predetermined Overhead Rates and Job Costs Kody Corporation employs a job-order costing system with a plant wide overhead rate based on the machine-hours.

  • Q : Petty cash-cash forecasting-bad debt expense....
    Accounting Basics :

    Using the allowance method of accounting for bad debt expense _________ the carrying value of Accounts Receivable.

  • Q : Variety of approaches to product costing....
    Accounting Basics :

    Examine the literature to identify the different perspectives on how a product’s cost may be formulated. Assess the strengths and weaknesses of the a variety of approaches to product costing t

  • Q : Foreign commerce clause....
    Accounting Basics :

    Come up with a conclusion.  Is it taxable or no. Why it is taxable or why it is not. The important part is the argument and how to get the conclusion, not the conclusion itself.

  • Q : Calculating the amount of manufacturing overhead....
    Accounting Basics :

    Calculate the amount of manufacturing overhead given the following information: Depreciation on a factory building  $6,650, Telephone expense in factory office $980 ,Telephone expense in sales sh

  • Q : Discussing financial reporting-company recognition....
    Accounting Basics :

    The attached case asks you to use the codification as well as your understanding of financial reporting to address issues related to a company’s revenue recognition. The process you use to dev

  • Q : Preparing summary journal entry to record raw materials used....
    Accounting Basics :

    In January, Knox Company requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,400, Job 3 $700, and general factory use $600. Prepare a summary journal entry to record raw mater

  • Q : Critical analysis essay....
    Accounting Basics :

    Student needed to write a critical analysis essay based on the above topics. It is expected that student to write around 1,500 words.

  • Q : Preparing statement of revenues in fund balance budget....
    Accounting Basics :

    Your team has been hired as the accountants for the Village of AIU. Prepare the statement of revenues, expenditures, and changes in fund balance—budget and actual—for the Village of AIU

  • Q : Describing about comprehensive annual financial report....
    Accounting Basics :

    Get the copy of a Comprehensive Annual Financial Report (CAFR) for a state or local government for which you would have an interest. Is there any information which you find mainly interesting?

  • Q : Importing-supplying jewellery as wholesalers to local market....
    Accounting Basics :

    Andrew, Brian, Colin, Diana and Elizabeth were the directors of Gemsales Pvt Ltd, a company engaged in the business of importing and supplying jewellery as wholesalers to the local market.

  • Q : Street improvement capital projects fund....
    Accounting Basics :

    Record journal entries in the general journal of the Street Improvement Fund, as suitable, for each of the following transactions.  Remember to enter the accurate year and paragraph numbers.

  • Q : Accounting concepts in relation to accounting procedures....
    Accounting Basics :

    Accounting concepts are used in relation to accounting procedures for a specific business enterprise.

  • Q : Main funds of state or local government....
    Accounting Basics :

    Research the main funds of your state or local government and non-profit organizations.

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